Ethereum

Wahid Pessarlay Crypto analyst CryptoQuant provided data that shows Ethereum whales have been significantly impacting asset’s value Ethereum (ETH) whale investors have long held significant influence over the token’s price movement on the market. This influence has taken on new curiosity as data provided by CryptoQuant indicates that whales are manipulating the price of ETH with their exchange activity. In a Quick Take posted on the blockchain data analytics site, an analyst argued that… Source link

Ethereum is showing positive signs above the $1,300 level against the US Dollar. ETH could rally if it clears the $1,330 and $1,350 resistance levels. Ethereum is slowly moving higher and trading above the $1,300 level. The price is now trading above $1,310 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if… Source link

It has been a little more than two weeks since the world’s second largest cryptocurrency Ethereum [ETH] went through a landmark alteration. ETH managed to switch from the energy intensive proof-of-work (PoW) consensus model to the eco-friendly proof-of-stake (PoS) model, in what came to be known as the Merge In simple words, this Merge effectively rendered all ETH mining obsolete, and ushered in the era of ETH staking. This worked out out in the interest of the network by… Source link

Solana’s market share of total NFT trading volume rose from 7% to 24% in the last six weeks USD value of NFT trading volume is “still far higher on Ethereum,” per Blockworks Research Solana kicked off October with an hours-long service interruption — the blockchain’s 12th such outage in 2022 — an especially sour note, especially after a month of surging NFT mints and daily volumes rivaling… Source link

Ethereum’s [ETH] performance witnessed a pretty sluggish turn recently as the altcoin failed to register any significant price changes. Since the much awaited ETH Merge, the coin’s performance witnessed a severe decline and, at the time of writing, was over 2% lower than 2 October. Furthermore, a number of developments pointed in the direction of a possible downtrend in the coming days. For instance, Glassnode’s data revealed that the ETH net exchange outflow decreased… Source link

Cadres of crypto developers began trickling into Bogotá, Colombia, on Monday in anticipation of Devcon, the Ethereum Foundation’s marquee global conference, which is set to kick off next week in the South American nation’s capital city.  But according to reports, some of crypto’s leading digital builders may already be second-guessing those travel plans. Twitter buzzed early Monday with rumors of Devcon attendees being robbed and experiencing other safety issues after arriving in… Source link

Ethereum is following the general sentiment in the market as Bitcoin and other cryptocurrencies make a run towards previous highs. The second cryptocurrency by market cap knocked some gains over today’s trading session but seems poised for a re-test of its lows before moving to the upside. At the time of writing, Ethereum (ETH) trades at $1,300 with a 2% profit in the last 24 hours and in the last week. Unlike in previous rallies, ETH’s price is lagging… Source link

The parent company of mobile communications giant T-Mobile says it’s launching an Ethereum (ETH) staking validator as part of its support for the world’s second-largest blockchain by market cap. According to a new press release, Deutsche Telekom is supporting Ethereum’s transition from a proof-of-work consensus mechanism into a proof-of-stake one by operating validator nodes through its subsidiary T-Systems MMS. The press release also reveals that T-Systems MMS is teaming up… Source link

Arman Shirinyan Profitability of second biggest cryptocurrency on market is finally back above 50% Following massive corrections on Ethereum after the successful Merge upgrade implementation, ETH’s profitability reached values below 50%, making it officially unprofitable for the majority of holders. Luckily, the situation is changing. As IntoTheBlock’s indicator suggests, the current profitability of the second biggest asset on the market is sitting at 51%, making it profitable for… Source link

Following a red start to October, crypto prices moved marginally higher during Monday’s session. After a brief stint below $19,000 on Sunday, bitcoin rose back above this point, as the U.S. dollar began to weaken against other G7 currencies. Ethereum was also in the green, momentarily moving above $1,300. Bitcoin Bitcoin (BTC) was trading marginally higher on Monday, as crypto prices reacted to a weaker U.S. dollar. Following last week’s rally in USD, the currency eased to start… Source link